furt
08-30-2003, 07:47 PM
When they calculate the damages from something like the worm/virus last week or natural disasters, do they count by net or gross?
I'm finishing up a summer in tech support, and there were a ton of people who were calling in here last week, with the result that overtime was offered, and a lot of people are gonna have bigger checks. I'd also expect that Norton and other computer-security firms have had a spike in their sales. Similarly, it sounds ghoulish, but hurricanes must be great for the roofing industry, and tornados must lead to new homes being built ...
I'm guessing the new economic activity resulting from disasters, etc, does not get factored in when they say "Hurricane Louie caused X millions in damages" ... but why not? Leaving out the human toll, is it possible that some disasters can even have a net beneficial effect on an economy?
I'm finishing up a summer in tech support, and there were a ton of people who were calling in here last week, with the result that overtime was offered, and a lot of people are gonna have bigger checks. I'd also expect that Norton and other computer-security firms have had a spike in their sales. Similarly, it sounds ghoulish, but hurricanes must be great for the roofing industry, and tornados must lead to new homes being built ...
I'm guessing the new economic activity resulting from disasters, etc, does not get factored in when they say "Hurricane Louie caused X millions in damages" ... but why not? Leaving out the human toll, is it possible that some disasters can even have a net beneficial effect on an economy?